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Indonesian Tycoon Haji Isam Lobs Low-Ball Bid for Miner Bayan

1 source ·1 article ·Sep 9, 04:16 UTC BALL

PT Bayan Resources has received a bid from Indonesian tycoon Andi Syamsuddin Arsyad that values the coal miner at a fraction of its market value, according to people familiar with the matter.

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Bloomberg 1

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Bloomberg Markets ·Sep 9, 04:16 UTC

Indonesian Tycoon Haji Isam Lobs Low-Ball Bid for Miner Bayan

PT Bayan Resources has received a bid from Indonesian tycoon Andi Syamsuddin Arsyad that values the coal miner at a fraction of its market value, according to people familiar with the matter.